this post was submitted on 26 Feb 2024
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[–] LostWon@lemmy.ca 3 points 6 months ago* (last edited 6 months ago) (1 children)

...or just abolish the stock market (at least that's how I read this).

[–] dangblingus@lemmy.dbzer0.com 4 points 6 months ago (1 children)

At this point, abolishing the stock market would require a restart on the United States as an entity. The stock market is quite closely linked to the banking system. Closing the stock market would crash the US economy into oblivion.

[–] LostWon@lemmy.ca 4 points 6 months ago

And no doubt every other closely-tied economy, as well.